TC TECH receives evaluation project from a German company in the automotive industry
TC TECH Sweden AB (publ) announces that the company has received an order for an evaluation project of LGPs from a German sub-supplier in the automotive industry. This is TC TECH’s first inroad into the automotive industry.
The order clearly shows that the interest in TC TECH’s technology is now starting to increase in other segments in addition to manufacturing of LCD displays for mobile phones, tablets and laptops.
“This is our first project for a customer in the automotive industry, for which we will receive a payment of 105 TSEK. If these tests turn out well, they could lead to equipment orders in this segment. This shows that our offering has an exciting potential in a global sector where advanced technology is becoming increasingly important,” says TC TECH’s CEO Alexander Luiga.
The test series of LGPs for the customer’s evaluation project will be conducted in TC TECH’s cleanroom in the company’s facilities in Stockholm.
For further information, please contact:
Alexander Luiga, C.E.O., TC TECH Sweden AB (publ)
Tel: +46 (0)8-788 08 01
This information was submitted for publication through the agency of the contact person set out above, at 14.00 C.E.T. on February 17th 2020.
About TC TECH
TC TECH develops, manufactures and sells systems used for the replication of nano-structures in polymer products. The company’s business operations are based on an IPR-protected induction technology developed by TC TECH’s own R & D team. The technology makes it possible to heat and cool different kinds of material – in very short time, and with very high precision. The technology is well suited for polymers, and the company has chosen Light Guide Plates (LGP) as its initial focus. LGP is an acrylic panel that directs and diffuses the light emitted from the light source behind the display. TC TECH’s system makes it possible to produce displays that are thinner, refracts light more efficiently while at the same time reducing energy consumption.
The TC TECH share is listed on Nasdaq First North Growth Market.
Arctic Securities is the company's Certified Adviser, email: email@example.com, tel: +46 844 68 61 00.